BNY Mellon, the world’s largest custodian bank, has stepped into the world of Bitcoin Exchange-Traded Funds (ETFs), signaling a monumental shift in traditional finance’s approach to Bitcoin. BNY Mellon was founded in 2007 through the merger of The Bank of New York and Mellon Financial Corporation. It specializes in investment management, investment services, and wealth management, serving institutions, corporations, and individuals worldwide. BNY Mellon’s Bold Step In a recent filing with the Securities and Exchange Commission (SEC), BNY Mellon revealed its exposure to spot Bitcoin ETFs. The ..read more

BlackRock’s Bitcoin Exchange-Traded Fund (ETF), IBIT, recently made headlines as its 71-day streak of continuous inflows came to an end. This significant shift in trading dynamics could reflect broader changes in the Bitcoin market, or it could be a temporary halt. Let’s delve into the details of this development and its implications. IBIT: End of a Remarkable Streak BlackRock’s Bitcoin ETF, known as IBIT, experienced zero inflows on Wednesday and Thursday, marking the first time in nearly three months since its launch that it failed to attract new investment. This streak had garnered attenti ..read more

Marathon Digital, a prominent player in the Bitcoin mining industry, has set ambitious goals to double its mining capacity by the end of 2024. This significant increase comes as the company leverages recent acquisitions and favorable market conditions to expand its operations. Expanding Hash Rate Target Marathon leads in Bitcoin mining with a hash rate of 24.7 EH/s, followed by Core Scientific at 16.9 EH/s and Riot Platforms at 12.4 EH/s, as reported by Hashrate Index. Marathon Digital has revised its hash rate target for 2024 from an initial range of 35-37 exahashes per second (EH/s) to an i ..read more

Jack Mallers, the CEO of Strike, recently offered compelling insights into the potential trajectory of Bitcoin and its broader implications for the financial world. In a recent interview, Mallers made a bold forecast, suggesting that bitcoin’s price could soar to $1 million. This prediction, he explained, is rooted in the financial instabilities within bond markets, heavily involving banks. According to Mallers, the potential need for bailouts to stabilize these markets could result in massive liquidity injections, inflating asset prices, including bitcoin. He emphasized bitcoin’s increased de ..read more

On Wednesday, April 24, the US Securities and Exchange Commission (SEC) filed a lawsuit against bitcoin miner Geosyn Mining, accusing them of defrauding over 64 investors to the tune of $5.6 million. The regulator alleges that Geosyn and its founders engaged in deceptive practices, misrepresenting mining operations and misappropriating investors’ funds for personal expenses. The lawsuit, filed in a federal court in Fort Worth, Texas, targets Geosyn, its CEO Caleb Joseph Ward, and former operating chief Jeremy George McNutt. According to the SEC, from November 2021 to December 2022, they sold s ..read more

In a world that has often resorted to violence to acquire and protect wealth, Bitcoin’s seed phrase technology represents a revolutionary shift towards a more peaceful and equitable financial system. These humble strings of human-readable words hold immense power, serving as the keys to digital wealth that cannot be seized through force. Definition of a Bitcoin Seed Phrase At its core, a Bitcoin seed phrase is a mnemonic representation of the private keys needed to access and control a Bitcoin wallet. Typically consisting of 12 to 24 words drawn from a predefined list, these phrases act as ba ..read more

BNY Mellon, the world’s largest custodian bank, has stepped into the world of Bitcoin Exchange-Traded Funds (ETFs), signaling a monumental shift in traditional finance’s approach to Bitcoin. BNY Mellon was founded in 2007 through the merger of The Bank of New York and Mellon Financial Corporation. It specializes in investment management, investment services, and wealth management, serving institutions, corporations, and individuals worldwide. BNY Mellon’s Bold Step In a recent filing with the Securities and Exchange Commission (SEC), BNY Mellon revealed its exposure to spot Bitcoin ETFs. The ..read more

BlackRock’s Bitcoin Exchange-Traded Fund (ETF), IBIT, recently made headlines as its 71-day streak of continuous inflows came to an end. This significant shift in trading dynamics could reflect broader changes in the Bitcoin market, or it could be a temporary halt. Let’s delve into the details of this development and its implications. IBIT: End of a Remarkable Streak BlackRock’s Bitcoin ETF, known as IBIT, experienced zero inflows on Wednesday and Thursday, marking the first time in nearly three months since its launch that it failed to attract new investment. This streak had garnered attenti ..read more

Jack Mallers, the CEO of Strike, recently offered compelling insights into the potential trajectory of Bitcoin and its broader implications for the financial world. In a recent interview, Mallers made a bold forecast, suggesting that bitcoin’s price could soar to $1 million. This prediction, he explained, is rooted in the financial instabilities within bond markets, heavily involving banks. According to Mallers, the potential need for bailouts to stabilize these markets could result in massive liquidity injections, inflating asset prices, including bitcoin. He emphasized bitcoin’s increased de ..read more

On Wednesday, April 24, the US Securities and Exchange Commission (SEC) filed a lawsuit against bitcoin miner Geosyn Mining, accusing them of defrauding over 64 investors to the tune of $5.6 million. The regulator alleges that Geosyn and its founders engaged in deceptive practices, misrepresenting mining operations and misappropriating investors’ funds for personal expenses. The lawsuit, filed in a federal court in Fort Worth, Texas, targets Geosyn, its CEO Caleb Joseph Ward, and former operating chief Jeremy George McNutt. According to the SEC, from November 2021 to December 2022, they sold s ..read more